Buy cars back from Trustee?
Both of our cars will be taken by the Trustee in our Chap. 7 case. We will be given a $2150 exemption check for each car. Our lawyer mentioned that we may be able to make the trustee an offer and buy our cars back and/or do a short term payment plan to get them back. Has anyone ever done this and if so, how did it work for you?
-
Filed Chp. 7 (asset) bankruptcy w/attorney 9/30/08
341 meeting scheduled 11/03/08
Last day for objections 1/02/09 -
YES, go for it. I was over by $5400.00 in personal property. I get to purchase my own stuff back at $450 a month, no interest for 12 months. If you want them, GO FOR IT! Please let us know how it will go. ‘HubIf I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010. -
Nice to know that it is a possibility, thanks! We really would like to buy them back if we can afford it.Filed Chp. 7 (asset) bankruptcy w/attorney 9/30/08
341 meeting scheduled 11/03/08
Last day for objections 1/02/09Comment
-
Also, does anyone know if they'll do payments longer than 12 months? Maybe it just depends on the Trustee?Filed Chp. 7 (asset) bankruptcy w/attorney 9/30/08
341 meeting scheduled 11/03/08
Last day for objections 1/02/09Comment
Comment